Yacktman Asset Management LP lessened its stake in America’s Car-Mart, Inc. (NASDAQ:CRMT) by 3.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 428,143 shares of the company’s stock after selling 13,541 shares during the quarter. Yacktman Asset Management LP owned approximately 5.81% of America’s Car-Mart worth $17,607,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CRMT. Prudential Financial Inc. acquired a new stake in shares of America’s Car-Mart in the 1st quarter valued at approximately $304,000. American International Group Inc. boosted its holdings in shares of America’s Car-Mart by 7.2% in the 1st quarter. American International Group Inc. now owns 4,864 shares of the company’s stock valued at $177,000 after buying an additional 326 shares during the last quarter. Vanguard Group Inc. lifted its holdings in America’s Car-Mart by 5.9% during the 1st quarter. Vanguard Group Inc. now owns 327,994 shares of the company’s stock valued at $11,956,000 after purchasing an additional 18,331 shares during the last quarter. Geode Capital Management LLC lifted its holdings in America’s Car-Mart by 5.4% during the 1st quarter. Geode Capital Management LLC now owns 61,593 shares of the company’s stock valued at $2,245,000 after purchasing an additional 3,130 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in America’s Car-Mart by 6.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 550,283 shares of the company’s stock valued at $20,058,000 after purchasing an additional 35,398 shares during the last quarter. 88.43% of the stock is owned by institutional investors.

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Shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) traded up $0.55 during trading on Friday, reaching $42.20. The company’s stock had a trading volume of 19,997 shares, compared to its average volume of 63,838. America’s Car-Mart, Inc. has a fifty-two week low of $30.20 and a fifty-two week high of $47.75. The firm has a market cap of $305.32, a P/E ratio of 16.00 and a beta of 0.94.

America’s Car-Mart (NASDAQ:CRMT) last posted its quarterly earnings results on Thursday, August 17th. The company reported $0.90 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.90. America’s Car-Mart had a net margin of 3.41% and a return on equity of 8.70%. The company had revenue of $146.40 million for the quarter, compared to the consensus estimate of $153.05 million. During the same period last year, the firm posted $0.87 EPS. The company’s revenue for the quarter was up .4% on a year-over-year basis. analysts expect that America’s Car-Mart, Inc. will post 3.09 earnings per share for the current fiscal year.

Several equities research analysts have issued reports on CRMT shares. Zacks Investment Research downgraded America’s Car-Mart from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 25th. Jefferies Group LLC reaffirmed a “hold” rating and set a $41.00 price target on shares of America’s Car-Mart in a report on Friday, August 18th. Stephens started coverage on America’s Car-Mart in a report on Wednesday, August 23rd. They set an “equal weight” rating and a $42.00 price target for the company. Finally, ValuEngine downgraded America’s Car-Mart from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd.

In other news, major shareholder Magnolia Capital Fund, Lp acquired 12,560 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The shares were purchased at an average cost of $36.89 per share, for a total transaction of $463,338.40. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO William H. Henderson sold 6,250 shares of America’s Car-Mart stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $40.65, for a total transaction of $254,062.50. Following the completion of the sale, the chief executive officer now owns 93,440 shares in the company, valued at $3,798,336. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 39,870 shares of company stock worth $1,568,668. Insiders own 11.70% of the company’s stock.

About America’s Car-Mart

America’s Car-Mart, Inc is an automotive retailer focused on the integrated auto sales and finance segment of the used car market. The Company conducts its operations through its two operating subsidiaries, America’s Car Mart, Inc (Car-Mart of Arkansas) and Colonial Auto Finance, Inc (Colonial) (Collectively, Car-Mart of Arkansas and Colonial are referred to as Car-Mart).

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Institutional Ownership by Quarter for America`s Car-Mart (NASDAQ:CRMT)

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